Russia -Ukraine Crisis may Lead To Another Cold War

World may witness another Cold War era if the Russia-Ukraine crisis escalates. The main feature of cold war was world powers US and Russia avoided direct confrontation and started to preach their ideologies other nations and also forced few to show their allegiance to either US or Russia.

Cold War era was perceived as if World was divided in to two as Capitalists and Communists. Later Communist regime collapsed and USSR was disintegrated.

The Current crisis could have been brushed as local conflict if Russia was not involved in the picture or had there been any other country for that matter.

The World may not see another cold war as such because the present self-proclaimed stakeholders of the west and Russia are dependent on each other for economic reasons.

More than 50% of the gas requirement of European Union is met by Russia and Germany being the largest importer (43%) of Natural Gas.

US-Russia trade statistics shows another cold war may not be a possibility as both countries cannot afford to witness financial emergencies in their nations.

Cold war was merely a war of beliefs and ideologies rather than economics.

Certainly Russian operational control over Crimea a great concern for European Union and US.

If war breaks out between Russia and Ukraine there is least possibility that EU and US would help Ukraine with military support as it would lead to another world war.

Few experts say if Russia captures Crimea, the map of world Geo-Politics will change to a great extent.

Few others believe Cold War never died between Russia and US and it only resurfaced in 21st Century as we have seen in the case of Edward Snowden episode and now the Ukraine Crisis.